ManpowerGroup (MAN) Tops Q4 EPS by 20c, Revenues Beat

ManpowerGroup (NYSE: MAN) reported Q4 EPS of $1.33, $0.20 better than the analyst estimate of $1.13. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $4.76 billion.

Jonas Prising, ManpowerGroup Chairman & CEO, said, "Our fourth quarter results reflect a continuation of the revenue recovery that began in May 2020. Despite experiencing a series of ongoing lockdowns around the world during the fourth quarter, our results reflect a stronger market environment, including revenue growth and new opportunities in select markets. The combination of our tech and PeopleFirst approach – the talent, skills and dedication of our teams – allows us to confidently manage uncertainty, volatility, collaborate remotely and be more agile than we ever believed possible.

We are pleased with the strategic progress we made in 2020 despite a very difficult operating environment. We enter the new year confident that our strategy to Diversify, Digitize and Innovate continues to position ManpowerGroup for greater success and profitable growth in the future."

"We anticipate diluted earnings per share in the first quarter will be between $0.64 and $0.72, which includes an estimated favorable currency impact of 7 cents."

For earnings history and earnings-related data on ManpowerGroup (MAN) click here.

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